Central Bank of Russia extends restrictions on foreign currency cash withdrawals for another six months until Sept 9, 2026

MOSCOW. March 6 (Interfax) - The Central Bank of Russia has extended the restrictions on foreign currency cash withdrawals for another six months until September 9, 2026, according to a statement from the regulator.

These restrictions remain in place due to the sanctions against Russia, which prohibit Russian financial institutions from purchasing currency of Western countries in cash.

For citizens whose foreign currency account or deposit was opened before March 9, 2022, the limit on withdrawals of no more than $10,000 (or the equivalent of this amount in euros) remains, regardless of the currency of the deposit or account, provided that they have not previously exercised this option.

The remaining funds can still be received in rubles.

For banks, the ban on charging citizens a commission when issuing currency from accounts or deposits is retained for six months.

Currency transfers without opening an account and via electronic wallets are issued in rubles.

For legal entities that are non-residents, the issuance of cash in dollars, euros, pounds sterling and Japanese yen is not carried out until September 9, 2026; there are no restrictions on other currencies.

Legal entities that are residents can only receive cash in dollars, euros, pounds sterling and Japanese yen from accounts for travel expenses. There are no restrictions on other currencies.